Bankruptcy Canada: The #1 Debt Relief Experts In Canada
Filing Bankruptcy in Canada & Consumer Proposals. Let us help you with your debt.
TRUSTED CONSUMER PROPOSAL ADMINISTRATORS AND BANKRUPTCY HELP EXPERTS
Canada’s Insolvency & Debt Relief Professionals
We have been online for over 20 years. We are proud to have helped Canadians from every walk of life get a fresh financial start.Going bankrupt gives you a quick fresh start and is good for debtors with few assets and lots of unsecured debts. Your money problems can be solved with a consumer proposal if you have a good income and assets you would like to protect.
Online Since 1999
430 Trustee Offices Across Canada
200,000 Canadians Helped!
Debt Help Canada
Filing For Bankruptcy
How to Avoid Bankruptcy
Bankruptcy in Canada: The cost of going bankrupt is set by the government.
The cost is the same regardless of the trustee you choose to work with.
What Alternatives to Bankruptcy Do Trustees Offer?
What are the Differences Between a Consumer Proposal & Bankruptcy?
What Happens When you Go Bankrupt?
What are the Requirements to File?
Can I Go Bankrupt in Canada?
What Can I keep If I’m Claiming Bankruptcy?
Benefits of Working With Our Licensed Insolvency Trustee Experts
The Team of Licensed Insolvency Trustees and Consumer Proposal Administrators of our Canadian insolvency team are the Most Experienced and Knowledgeable Debt Relief Experts in CanadaOnly a Licensed Insolvency Trustee (LIT) is sanctioned and licensed by the Canadian government to provide insolvency and consumer proposal services.
All LITs (Licensed Insolvency Trustees, or formerly a bankruptcy trustee) in Canada are trained, experienced and ethically trained. BankruptcyCanada has chosen to partner with the top consumer debt proposal firms in Canada so you can get a fresh start.
Canadians that are trapped in debt are welcome to browse our website to find information on going bankrupt and alternatives to going bankrupt such as a consumer proposal or a debt consolidation service.
You will find answers to many of your initial consumer proposal questions right here.
People struggling with credit card debt and mostly unsecured debts would likely benefit from going bankrupt, while debtors with secured debt might want to consider a consumer proposal.
Local insolvency trustees and consumer proposal administrators are available to assist you with getting out of debt.
Filing a consumer proposal allows you to save your assets and get out of debt, although it often takes longer than going bankrupt. Credit counselling is also available to help get your finances under control.
We Help You Get Out of Debt – And Stay Out of Debt For Good!
Credit Card DebtDo you struggle to make your minimum payments? Are you over your limit on your credit cards? Learn how a trustee can help you eliminate credit card debt, or consolidate it into one low payment.
Payday LoansPayday loans are often the worst way to borrow and can rapidly spiral into an out of control debt problem. We can help you break the stress of the payday loan cycle and the interest accumulation.
Solve Student Loans DebtLong-term Student loan debt can be discharged through a Consumer Proposal or by Filing Bankruptcy if you have been out of school for 7 years (or 5 years in extreme cases).
Clear Overdue BillsAre you behind on your bill payments? Is high interest loans causing you financial stress? We can help you stop collection calls, wage garnishments, and reduce your monthly payments.
Tax Debt ReliefSettle Tax Debts Owed to the Canada Revenue Agency With a Consumer Proposal. Our Consumer Proposal Administrators can help you draft an affordable payment plan that reduces your debts, include tax debt liabilities.
* We are Trustees and Consumer Proposal Administrators Licensed by the Canadian Government
Debt Relief Experts
The bankruptcy process is governed by the Bankruptcy and Insolvency Act.
Once the process has started, you will receive protection from your creditors, and wage garnishments, lawsuits and any collections against you will stop.
During the process you will have to complete certain duties, and meet with your trustee for two credit counselling sessions.
A meeting of creditors is rarely called when a person goes bankrupt.
Unsecured creditors are only impacted by going bankrupt, as secured debts are not discharged.
Secured creditors will still have to be paid if you wish to keep your house, vehicle or other secured debts.
As such, debts such as credit cards, personal loans, payday loan and income taxes can be included in your insolvency filing, but secured debt such as mortgage debt, alimony and child support cannot.
Bankruptcy proceedings can be over in as little as 9 months and you will have the ability to begin your fresh start once you have been discharged from your case.
Bankruptcy Canada is here to help you with all of your debt relief needs.